7.25 % Interest Rate, 1 Minute Talk Time for Each Rupees Deposit: Airtel Payment Bank

Airtel Payments Bank, the first telecom player-run bank to commence operations

Airtel is offering one minute of telecom talk time for every rupee deposited at the time of opening an account 

If you have an Aadhaar card, you can open an account even without being an Airtel mobile subscriber.
Airtel has offered an interest rate of 7.25% a year on deposits in savings accounts. 

Free personal accidental insurance of 1 lakh with every savings account.

The Airtel Payments Bank will operate across all states.

The accounts will be opened using e-KYC for which customers’ Aadhar number will be required.

Bank has rolled out USSD short code for account holders to carry out banking transactions.

There are no charges for USSD transactions or to check the balance and depositing money into the account.

physical cash withdrawal charge would be 0.65 per cent.

No charge for depositing of money.

A customer will be able to withdraw cash only at the banking retail points.

Merchants can download the application and can start accepting payments without any fee.

Customers are restricted to holding a maximum balance of Rs. 1 lakh per individual customers.

Allowed to issue ATM/debit cards and other prepaid payment instruments, but not credit cards.

Payment banks can give interest rate on savings deposit whereas mobile wallets don't offer interest on deposits.
Airtel Payment Bank Download Apps

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